I'm not a fan of the belt loops. The elective programs have TONS of fun activities. Some of them are a little dated, but it would make more sense to me to update the boy books rather than add an extra program. Yes, I know the belt loops have been around awhile.
Then there are the economic issues. With electives, the boys do 10 activities and earn a $1.00 patch. Some activities are harder/more time consuming than others. With the belt loops, the boys do three (generally simple) activities and earn a $2.00 belt loop. With 40 boys in the pack, that would add up pretty quickly. Plus the belt loops can be earned more than once. How many times can you really learn the rules, identify the chess pieces and play a game? Recognition is important, but I don't know that we need to give the boys an award for every single thing they do in life.
Electives are also things that can be done by the boys at home. They don't all need to be done in den meetings.This flexibility is nice. When my own boys say they're bored, I tell them to go find their scout books and look at the electives. They can usually find a couple of things to do to keep us busy for most of an afternoon, sometimes 2 afternoons.
10-20 arrow points? Is 20 even possible? Are there 200 elective activities? I know some things can be done more than once and the Bears have the option of using some of the unused achievements, but 200 activities beyond the rank badge would take a ton of time. Earning just 5 or 6 arrow points takes quite a bit of work. I would emphasize having fun with the activities and not stress about how many arrow points.
Our pack does the belt loops required for Webelos advancement and we pay for the ones earned at district/council/day camp events, but otherwise we don't use the program. We had one family leave over this, but otherwise no one else has complained.
I think some of the parents are pleased by not having to buy the belts to put the loops on.